Roti Restaurants Financing
Roti Restaurants Inc., Corporation just had published form D regarding $12.50 million equity financing. This is a new filing. Roti Restaurants was able to sell $12.50 million. That is 100.00% of the financing offer. The total private offering amount was $12.50 million. The private financing document was filed on 2016-11-14. The reason for the financing was: unspecified.
Roti Restaurants is based in Illinois. The firm’s business is Restaurants. The form was signed by Jon Reepmeyer CFO and Vice President. The company was incorporated in 2016. The filler’s address is: 600 West Fulton Street, Suite 101, Chicago, Il, Illinois, 60661. Carl Segal is the related person in the form and it has address: 600 W. Fulton St., Suite 101, Chicago, Il, Illinois, 60661. Link to Roti Restaurants Filing: 000169010616000001.
Analysis of Roti Restaurants Offering
On average, startups in the Restaurants sector, sell 99.00% of the total offering amount. Roti Restaurants sold 100.00% of the offering. Could this mean that the trust in Roti Restaurants is high? The average investment size for companies in the Restaurants industry is $302,000. The total amount raised is 4,039.07% bigger than the average for companies in the Restaurants sector. The minimum investment for this financing is set at $0. If you know more about the reasons for the financing, please comment below.
What is Form D? What It Is Used For
Form D disclosures could be used to track and understand better your competitors. The information in Form D is usually highly confidential for ventures and startups and they don’t like revealing it. This is because it reveals amount raised or planned to be raised as well as reasons for the financing. This could help competitors. Entrepreneurs usually want to keep their financing a ‘secret’ so they can stay in stealth mode for longer.
Why Fundraising Reporting Is Good For Roti Restaurants Also
The Form D signed by Jon Reepmeyer might help Roti Restaurants Inc.’s sector. First, it helps potential customers feel more safe to deal with a firm that is well financed. The odds are higher that it will stay in the business. Second, this could attract other investors such as venture-capital firms, funds and angels. Third, positive PR effects could even bring leasing firms and venture lenders.
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